Old Mutual Global Investors UK Ltd. lowered its position in UnitedHealth Group Incorporated (NYSE:UNH) by 42.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 388,139 shares of the healthcare conglomerate’s stock after selling 281,378 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in UnitedHealth Group were worth $71,968,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC increased its holdings in UnitedHealth Group by 1,722.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 638 shares of the healthcare conglomerate’s stock worth $106,000 after buying an additional 603 shares during the last quarter. Blue Chip Partners Inc. bought a new stake in UnitedHealth Group during the second quarter worth approximately $110,000. Kings Point Capital Management boosted its position in UnitedHealth Group by 27.9% during the first quarter. Kings Point Capital Management now owns 687 shares of the healthcare conglomerate’s stock worth $113,000 after purchasing an additional 150 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in UnitedHealth Group by 433.3% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 640 shares of the healthcare conglomerate’s stock worth $119,000 after purchasing an additional 520 shares during the period. Finally, BDO Wealth Advisors LLC bought a new stake in UnitedHealth Group during the second quarter worth approximately $121,000. Hedge funds and other institutional investors own 86.17% of the company’s stock.
In other UnitedHealth Group news, Director Richard T. Burke sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $191.71, for a total transaction of $2,875,650.00. Following the completion of the transaction, the director now directly owns 1,818,898 shares in the company, valued at $348,700,935.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Larry C. Renfro sold 50,574 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $198.11, for a total value of $10,019,215.14. Following the transaction, the insider now owns 195,625 shares of the company’s stock, valued at $38,755,268.75. The disclosure for this sale can be found here. Insiders have sold 72,149 shares of company stock valued at $14,212,342 over the last quarter. Corporate insiders own 0.89% of the company’s stock.
UnitedHealth Group Incorporated (NYSE UNH) opened at $211.07 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.72. The company has a market capitalization of $204,080.00, a price-to-earnings ratio of 21.99, a P/E/G ratio of 1.57 and a beta of 0.64. UnitedHealth Group Incorporated has a 12 month low of $146.01 and a 12 month high of $213.93.
UnitedHealth Group (NYSE:UNH) last issued its earnings results on Tuesday, October 17th. The healthcare conglomerate reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.09. UnitedHealth Group had a return on equity of 21.52% and a net margin of 4.50%. The business had revenue of $50.32 billion during the quarter, compared to analyst estimates of $50.38 billion. During the same period in the prior year, the company posted $2.17 earnings per share. UnitedHealth Group’s revenue was up 8.7% on a year-over-year basis. research analysts predict that UnitedHealth Group Incorporated will post 9.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.00 annualized dividend and a yield of 1.42%. UnitedHealth Group’s dividend payout ratio is currently 34.09%.
A number of equities research analysts have issued reports on UNH shares. Royal Bank Of Canada reaffirmed a “buy” rating and set a $212.00 target price on shares of UnitedHealth Group in a research report on Thursday, July 20th. BidaskClub cut UnitedHealth Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. Mizuho set a $235.00 target price on UnitedHealth Group and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Citigroup Inc. upped their target price on UnitedHealth Group from $195.00 to $213.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. UnitedHealth Group currently has a consensus rating of “Buy” and an average price target of $216.65.
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UnitedHealth Group Profile
UnitedHealth Group Incorporated is a health and well-being company. The Company operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. It conducts its operations through two business platforms: health benefits operating under UnitedHealthcare and health services operating under Optum.
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